Skip to main content

The missing Rs 500 note: Banks will start handing out the new currency from next week, says SBI chief

The highly awaited Rs 500  note is yet to become a common sight.  Though a few notes have surfaced, they have made news more from defective printing than from their abundance....
           
The highly awaited Rs 500  note is yet to become a common sight.  Though a few notes have surfaced, they have made news more from defective printing than from their abundance....

The highly awaited Rs 500  note is yet to become a common sight. 
Though a few notes have surfaced, they have made news more from defective printing than from their abundance.   
Arundhati Bhattacharya, chairman of the State Bank of India, says Rs 500 notes have started coming to the bank branches. 
“Hopefully, by next week we will have enough Rs 500 to start giving them out at the bank counters,” she was quoted by The Indian Express saying.
She also informed that ATMs are getting stocked with the new Rs 500 notes. 
The government had begun to print Rs 2,000 notes ahead of demonetisation. But the work on printing Rs 500 may have started only after the announcement. 
The Quint had quoted a former RBI deputy governor saying it would have taken 10 months to print the required number of Rs 500 notes at Nashik and Dewas.

Comments

Post a Comment

Popular posts from this blog

Cyclone Vardah: How and why was it named

Cyclones explained: How are they named, what constitutes them and how do they differ from typhoons and hurricanes. How are cyclones named? Tropical cyclones passing over the northern part of the Indian Ocean are named by eight countries in the region, namely India, Pakistan, Bangladesh, Sri Lanka, Maldives, Myanmar, Oman and Thailand. The process only began in 2004, fours years after World Meteorological Organization agreed in principle to allow them to name cyclones originating in the Bay of Bengal and Arabian Sea. The alphabet system is used to designate the name of a cyclone, which means the name of the year’s first cyclone begins with A. Previously, till 1979, cyclones were only given female names. Male names were only introduced in the same year. World Meteorological Organization (WMO) maintains the database of cyclone/hurricane/typhoon names. There are six lists of names used in rotation and they are recycled every six years. The names are picked from this pre-designated l...
Post a Comment
Read more

Jayalalitha angry speech in Assembly- Trending

Post a Comment
Read more
Thinkstock photo Dubai, December 6 Men who exercise between three and five times a week may improve their sperm counts and other measures of sperm quality in just a few months, according to a new study. Researchers from Urmia University in Iran also found that men exercising moderately and continuously improved their sperm quality more than those following popular intensive exercise programmes like high intensity interval training (HIIT). One in three couples struggle to conceive due to poor semen quality. The only treatment available for couples unable to conceive naturally is In vitro fertilisation (IVF), but using poor quality sperm may increase the risk of miscarriage, birth defects and the development of childhood cancer, researchers said. Current advice for men seeking to improve their chances of conceiving include combining healthy eating with regular exercise while giving up smoking and reducing the intake of alcohol. However, the link between exercise and s...
Post a Comment
Read more